EURCAD, 2hr tf, head and shoulders pattern to materialized
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Hello my friends,
Today trade ideas gonna be EURCAD pair. This pair currenly moving sideways but if you look it closely, there is a shoulders head pattern forming right now.
Price also already broken below the neckline so i am gonna take a sell position with ichimoku confirmation.
1st confirmation is price below the kumo cloud 2nd confirmation is kumo cloud color are red 3rd confirmation parabolic SAR now above the price indicating sell pressure
Sell EURCAD 1.5600 Stop loss 1.5645 Take profit 1 @1.5555 Take profit 2 @1.5510 Take profit 3 @1.5465